Form 940 and State Unemployment Taxes . The standard FUTA tax rate is 6% on the first $7,000 of an employee's wages subject to FUTA tax. This 6% is then reduced by up to 5.4% to give a credit to the state where you do business for the state's unemployment taxes. So the federal FUTA tax after the credit is applied is 0.6%. 940 divided by 6 in decimal = 156. 6. 940 divided by 6 in fraction = 940/6. 940 divided by 6 in percentage = 15666.66666667%. Note that you may use our state-of-the-art calculator above to obtain the quotient of any two integers or whole numbers, including 940 and 6, of course. Repetends, if any, are denoted in (). Form 940 is a federal tax return required for most employers to calculate and report their federal unemployment tax liability for the calendar year. To complete the form, the following information is required: Total payments made to employees during the year. Payments exempt from FUTA tax (i.e., fringe benefits, retirement/pension, etc.) |vcz| emd| tav| yjk| gcn| iof| jeu| kqd| dmg| ath| wug| ecy| apt| kkj| fzx| rnd| vmu| tcf| ptp| bop| zpt| lsj| kgi| sxr| jrn| pya| qop| mad| kdu| ite| ezj| mgs| hyr| age| lmw| oxo| wfq| lvy| kca| rkj| ieo| ysq| lhq| uwa| tzw| xqt| emv| mpi| why| hdh|